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2016-10-11 08:31:36

PX

Praxair

$118.77

-0.08 (-0.07%)

08:31

10/11/16

10/11

08:31

10/11/16

08:31

Praxair starts up new plant, extends pipeline system in Port of Antwerp

Praxair announced it has started up its second air separation plant and is extending its pipeline system in the Port of Antwerp, one of the largest petrochemical production complexes in the world. The new 1,300-ton-per-day plant increases Praxair's oxygen and nitrogen capacity in the Port and will support customers with long-term contracts. The new facility also produces liquid oxygen, nitrogen and argon that will meet customer demand in the pharmaceutical, chemical, glass, metal fabrication, manufacturing and food & beverage industries in Belgium and the Netherlands. Praxair has also started construction of additional oxygen and nitrogen pipeline extensions on the east and west banks of the Port, which are expected to be finished by the end of 2016.

27

Oct

PXPraxair

$118.77

-0.08 (-0.07%)

08/16/16

JEFF

08/16/16NO CHANGETarget $140JEFFBuy

Jefferies sees 20% probability of Praxair, Linde merger

Following the Wall Street Journal's report last night, Jefferies analyst Laurence Alexander pegs a potential merger between Praxair (PX) and Linde (LNEGY) at 20%. The analyst estimates Praxair could pay a 26% control premium, 50% equity, and still achieve an 8% return on invested capital in the third year and improve free cash flow per share by $1.70. Alexander has a Buy rating on Praxair with a $140 price target.

04/04/16

DBAB

04/04/16DOWNGRADETarget $120DBABHold

Praxair downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst David Begleiter downgraded Praxair to Hold but raised his price target for the shares to $120 from $114.

03/24/16

FBCO

03/24/16NO CHANGETarget $117FBCONeutral

Praxair assumed with a Neutral at Credit Suisse

Credit Suisse analyst Christopher Parkinson assumed coverage on Praxair with a Neutral rating and increased the price target to $117 from $107.